Norway Keeps Its Gambling Monopoly

Published Friday, October 20, 2017 - Online-Casinos.com
Norway Keeps Its Gambling Monopoly

Scandinavians are known for their love of casino games and poker and now Norway has opted to remain a nation that will not be re-structuring the internet betting industry.  Despite other Scandinavian countries such as Denmark deciding to re-structure their gambling industries and welcome foreign investment Norway feels that keeping the nation’s state-run gambling model will maintain player safety.

Director General of the Norwegian Gaming Authority, Atle Hamar, revealed the move at the International Association of Gaming Regulators conference in Johannesburg, stating that Norway’s prioritized model is the safest environment for local gamblers. Hamar is also to have noted that the gaming authority plans to protect Norway’s domestic market.  

Unlike other Scandinavian countries Norway does not permit offshore operators to operate within their jurisdiction making the online gambling industry a monopoly in Norway.

Only two operators, Norsk Rikstoto, operating Norway’s horse racing industry and Norsk Tipping, which operates all other gambling venues are permitted in the jurisdiction. Claiming the decision to remain a monopoly is to safeguard the nation’s players from corrupt operations the government has finally made a clear choice. In December of last year a bill presented by the Minister of Culture detailed how the country’s current casino and online gambling platform had been proven to be safe for punters. The bill detailed how the gambling industry should not be re-structured with the concern for player safety.

The other countries in the area such as Sweden and Finland are also in the process of reviewing their gambling policies regarding online betting but are remaining locked into a state-run system until they come up with a more inclusive model.

Denmark has led the charge for regulatory change providing a workable model for others in the region successfully implementing a system compliant with European Commission rules for e-commerce free trade.  

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